Naxos of America Launches Fundraising Effort to "Help Nashville Symphony Rebuild its Home"

June 21, 2010

NAXOS OF AMERICA

FOR IMMEDIATE RELEASE Contact: Paula Mlyn (646) 330-5254 / [email protected]

On June 16, Naxos releases Help Nashville Symphony Rebuild Its Home, a digital-only album consisting of award-winning composer Michael Daugherty's Metropolis Symphony and featuring the Nashville Symphony led by music director Giancarlo Guerrero. Help Nashville Symphony Rebuild Its Home will be available through all major DSPs and online retailers, including iTunes, Amazon MP3, ArkivMusic.com, Classical Archives, and eMusic.

Naxos, whose ten-year relationship with the Nashville Symphony has produced 17 recordings—including the multi-Grammy®-winning Made in America—will donate 100 percent of the proceeds to help the Nashville Symphony in its effort to rebuild its concert hall, Schermerhorn Symphony Center. Additionally, the online classical music retailer ArkivMusic.com has generously agreed to donate the proceeds from the sale to the Nashville Symphony. The Nashville Symphony has flood insurance and also anticipates receiving substantial assistance from FEMA. After those funds have been exhausted, however, the Symphony still forecasts a gap of up to $10 million to cover the total cost of the flood.

Nashville Symphony President and CEO Alan Valentine commented, “We are deeply touched by this kind gesture from our friends at Naxos. While we are making headway in the weeks since the flooding, the Nashville Symphony will face many challenging months ahead. The need for support is great, so it was encouraging to learn of Naxos' desire to help in such a creative way. We've enjoyed a very successful relationship with Naxos over the years, and I’m sure this will only serve to strengthen and enrich that relationship. We are immensely grateful for Naxos' generosity.”

Michael Daugherty, who with his publisher Peer Music has agreed to donate all royalties from the sale of the album, recently said, "Working with the Nashville Symphony and Giancarlo Guerrero is a dream come true for a composer. Their dedication to and love of making great music is inspiring. I am saddened to hear of the recent flood, which crippled many downtown businesses and music venues, none more so than Schermerhorn Symphony Center. Let's all work together to help repair the damage from this devastating flood and bring symphonic music back to historic downtown Nashville!"

Jim Selby, Naxos' CEO, remarked, "We at Naxos are pleased to join with many of our digital retail partners in this effort to help the Nashville Symphony as they rebuild and recover from the May 2010 flood. Our ongoing relationship with the Nashville Symphony is deeply important to us, and we are honored to assist them though this digital offering."

In the wake of severe flooding throughout Middle Tennessee in early May, the sub-basement of Schermerhorn Symphony Center was completely flooded, and the basement was almost entirely filled with water. As a result, all of the building's mechanical operations, including the heat-and-air system and the electrical system, were significantly affected. In addition, major damage was sustained to the console for the Schermerhorn's Martin Foundation Concert Organ, the orchestra's two Steinway concert grand pianos, percussion equipment, road cases, chairs and stands. Though the Schermerhorn's Laura Turner Concert Hall was spared from the flooding, major components of the hall's state-of-the-art convertible floor are stored underneath the hall, and these were damaged as well.

The city of Nashville sustained more than $1.9 billion in damages from the recent floods, including losses to personal property. Forty-two counties in Middle Tennessee have been declared federal disaster areas; at least 20 residents of the region died in the flooding.

Led by Music Director Giancarlo Guerrero and President and CEO Alan D. Valentine, the Nashville Symphony is today regarded as one of the nation's most creative and innovative orchestras. With more than 140 performances annually, the Nashville Symphony offers a range of classical, pops and jazz concerts; special events; children's concerts; and education and community engagement programs. One of the most active recording orchestras in America, the Nashville Symphony has released a plethora of highly regarded recordings since its relationship with Naxos began in 2000. The Symphony’s recent Naxos recording of Joan Tower's Made in America received three GRAMMY® Awards, including Best Classical Album and Best Orchestral Performance.

Headquartered in Franklin, Tennessee, a suburb of Nashville, Naxos of America is the #1 independent classical music distributor in the U.S. Specializing in state-of-the-art distribution, marketing and promotion, Naxos of America distributes nearly 20,000 SKUs to traditional brick and mortar retail, as well as offering a comprehensive suite of services tailored to consumer direct fulfillment. Naxos of America is also the largest digital distributor of independent classical music, supplying a catalog of over 25,000 albums to hundreds of digital download and mobile outlets worldwide. Naxos of America offers marketing, e-marketing, publicity, e-publicity, physical and digital e-commerce services, licensing opportunities, streaming services, sales and customer service for all new releases and active catalog titles of Naxos Records and more than 100 distributed labels.